Definition

Noun 1. Stock held by stockholders of record on a given date: This term refers to the official list of shareholders who are entitled to receive dividends, vote at shareholder meetings, or receive other corporate benefits as of a specific, predetermined date set by the company. It is the definitive record used to determine ownership rights for a particular corporate action.

Usage

The term "stock of record" is used in corporate finance and investment contexts. It identifies the specific group of shareholders recognized by the company at a key point in time, separating them from those who may buy or sell shares after that date. It is a formal, administrative designation.

Examples

• The company announced that the dividend would be paid to all shareholders of stock of record as of June 1st.
• To vote on the merger, you must have been a holder of stock of record at the close of business on the record date.
• The annual report was mailed to every address listed for the stock of record.

Advanced Usage

• Record Date: This is the critical date associated with "stock of record." It is the cutoff date established by a company's board of directors to determine which shareholders are the "stockholders of record" eligible for an upcoming dividend or vote.
• Ex-Dividend Date: This is the date on which a stock trades without the value of its next dividend payment. It is typically set one business day before the record date. A buyer on or after the ex-dividend date would not be on the stock of record for that dividend.

Variants and Related Words

• Stockholder of Record / Shareholder of Record (Noun): The individual or entity listed as the owner of shares in a company's official records.
• Record Holder (Noun): Another term for a stockholder of record.
• Beneficial Owner (Noun): The true economic owner of shares, which are often held in the name of a broker or bank (the "record holder"). The stock of record may list the broker, but dividends and voting rights flow to the beneficial owner.

Synonyms

• Registered shares
• Shares on record

Related Phrases

• Of record: This phrase is used as a modifier following "stockholder" or "shareholder" (e.g., "stockholders of record"). It emphasizes the official, registered status in the company's books.
• As of record date: A phrase specifying the relevant cutoff date for determining the stock of record (e.g., "shareholders as of the record date").

Noun

1. stock held by stockholders of record on a given date